Having access to important documents on your iOS devices has proved to be one of the key factors that has lead to the growing adoption of iPhone and iPad in business. Apple understands the importance of having powerful business tools and as a result they’ve been aggressively marketing iWork suite of apps for iOS.

If you often use MS Office for creating documents, presentations or spreadsheets then iWork for iOS might not be the best solution. Even though you can import and export MS Office docs using iWork you will often run into compatibility or formatting issues.

Polaris Office previously $19.99 and now $0.99 (for limited time) offers more than 230 editing functions and features Microsoft Office document compatibility that will put your worries about editing documents on iOS devices at rest. The developers of Polaris Office are working on a new version 5.0 update that will enhance compatibility features and add more cloud services.

The app allows you to create documents in .doc, .docx, .xls, .xlsx, .ppt, .pptx and .txt format. The user interface is simple and easy to follow. Selecting an element and then tapping the inspector button will expand options in the keyboard area where all options are arranged in vertical tabs.

One of the unique features of the app is the ability to take photos within the app and then apply border, light and other effects. To help you with the creation process Polaris Office even features 15 templates, 18 2D/3D charts and 80 figures.

For those who can’t live without creating spreadsheets for budgets, shopping lists, or sales records, Polaris Office features over 300 functions. The list of features in this app is huge it almost feels like the entire MS Office was squeezed to a 4inch display (when on iPhone). If these features were not enough, you can even directly open zip files and in slideshow mode you can use pointers or even scribble on the slides.

The blogosphere has been reporting on rumours about Microsoft developing MS Office apps for iPhone and iPad, but you can buy Polaris Office for just $0.99 and your wait just got over.

Polaris Office has cloud based storage services such as Google Drive, Dropbox, Box, cloud built in so you will never lose access to your files whether you created them online or edited on your iOS device.

Overall the app is robust in terms of the features it provides. The app has been downloaded over 400 million times and for a limited period the app is available at 95% off sale. If you’ve always been looking for an app that offers MS Office compatibility and editing features then get this app before the price goes up.